Overview

Since its introduction in the United States in 1991, PCA has been explicitly or implicity adopted in word if not spirit in many developed and developing countries with greatly different banking and regulatory structures. How well has it worked or could it work? The papers also consider reinforcing or alternative prudential techniques. Thus, they add to our storehouse of knowledge on improving the performance of banking systems and should prove useful to researches, practioners, and policy-makers both in evaluating extant regulatory structures and in designing new or modified structures. All the papers were presented by the authors and commented on by the discussants at invited sessions at the annual meeting of the Western Economic Association in Seattle, Washington in July 2002.

Full Product Details

Author:   G.G. Kaufman
Publisher:   Emerald Publishing Limited
Imprint:   JAI Press Inc.
Volume:   14
Dimensions:   Width: 15.60cm , Height: 3.20cm , Length: 23.40cm
Weight:   0.658kg
ISBN:  

9780762309870

ISBN 10:   0762309873
Pages:   344
Publication Date:   15 January 2003
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

List of contributions. Introduction (G.G. Kaufman). Part I Market discipline by bank creditors. Subordinated debt and prompt corrective regulatory action (D.D Evanoff, L.D. Wall). Can feedback from the jumbo-CD market improve off-site surveillance of community banks? (R.A. Gilbert et al.). Did FDICIA enhance market discipline on community banks? (J.R. Hall et al.). Comment (B.E. Gup). Comment (A.C. Hess). Part II PCA and market discipline: The U.S. experience. The major supervisory initiatives post-FDICIA: Are they based on goals of PCA? Should they be? (R.A. Eisenbeis, L.D. Wall). Differentiating among critically undercapitalized banks and thrifts (L. Shibut, et al.). Pricing bank distress: Before and after PCA (G.A. Hanweck, L.J. Spellman). Comment (H. Rosenblum). Comment (L.R. Mote). Part III. PCA and market discipline: The non-U.S. experience. Do depositors discipline Swiss banks? (U.W. Birchler, A.M. Maechler). PCA in International practice (A. de Juan). When does financial liberalization make banks risky? An empirical examination of Argentina, Canada and Mexico (W.C. Gruben, et al.). Comment (W.C. Hunter). Comment (D.T. Llewellyn).

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